IDEAS home Printed from https://ideas.repec.org/a/vls/rojfme/v12y2024i1p252-264.html
   My bibliography  Save this article

Theoretical Aspects Of Digital Transformation Of The Economy In The New Global Realities

Author

Listed:
  • STEFANOVA, Julia Stoyancheva

    (Economic Research Institute at the Bulgarian Academy of Sciences, Sofia, Bulgaria)

Abstract

The digital transformation of the economy is associated with profound structural changes in such areas of production as the construction of new value chains with a local and regional focus based on new technologies (technological algorithms, artificial intelligence, blockchain technologies, the Internet of Things, cloud technologies, etc.), digital business models and digital investment solutions (Accelerated Digital Transformation Program, WEF, 2020). Important advantages of technological transformation include optimization of the production management process, decentralization, transparency, reduction of operating costs, etc. However, these processes pose serious challenges to SMEs, which require attracting significant financial resources for readjustment (in terms of resource productivity) to new technological realities and the new digital paradigm for business functioning in the Fourth Industrial Revolution.

Suggested Citation

  • STEFANOVA, Julia Stoyancheva, 2024. "Theoretical Aspects Of Digital Transformation Of The Economy In The New Global Realities," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 12(1), pages 252-264, October.
    • Handle: RePEc:vls:rojfme:v:12:y:2024:i:1:p:252-264
    as

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf_jfme/vol12i1p252-264.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:rojfme:v:12:y:2024:i:1:p:252-264. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.